In today’s Finshots, we dive into whether gold’s role as a hedge against inflation is broken. The Story It’s the season of festivities in India. Dhanteras and Diwali are just around the corner. And there’s one thing that people love to buy during this time-gold! Now if you look at gold prices in India, you’ll …
Gold prices rose on Wednesday, after surging more than 3 per cent in the previous session. As the US Federal Reserve cut interest rates to help soften the economic blow from the coronavirus outbreak. FUNDAMENTALS Spot gold climbed 0.3 per cent to $1,644.97 an ounce by 0052 GMT. Having registered its biggest one-day percentage gain …
Old gold rate :: Spot gold price for 24 Karat in Delhi were trading up by Rs 15 and the upside was limited on rupee appreciation. The spot rupee was trading 16 paise stronger against the dollar during the Silver prices also gained Rs 50 to Rs 45,726 per kg from Rs 45,676 per kg. …
It has been a mixed year for gold as after reaching $1,580 in early September, prices corrected to $1,450 on optimism of US-China trade deal. Equity markets are trading at record highs, which again means that funds are flowing into stocks, as investors are in risk on mode. The US dollar is getting stronger, another …
THE NEXT LEG OF GOLD RALLY GOLD needs to top $1,515 Read More »
